The Global Non-Destructive Testing Equipment Market is valued at USD 2162.7 Million in 2021 and is expected to reach USD 3541.6 Million by 2028 with a CAGR of 7.3% over the forecast period.
Market Analysis of Non-Destructive Testing Equipment: –
Non-destructive testing (NDT) is an analysis technique used by engineers to detect defects in materials and structures, either during manufacturing or while in service without harming the object. Non-destructive testing (NDT) is done by several methods like visual inspection, ultrasonic, dye penetrant, acoustic emission, electromagnetic, radiography, and magnetic particle. For non-destructive testing of materials and structures, testing equipment is needed. Non-destructive testing equipment is made up for quality control of materials and structures, while they are used to detect the defects caused by stress, wear, fatigue, corrosion, and other factors, which are used in manufacturing, fabrication and service industries.
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Some of the key players/Manufacturers involved in the Non-Destructive Testing Equipment Market are:
- Mistras Group
- SGS Group
- Olympus Corporation
- Bureau Veritas S.A.
- GE Inspection Technologies
- YXLON International
- Nikon Metrology
- Eddyfi
- Sonatest Ltd.
- Magnaflux Corporation
- Zetec Inc.
Global Non-Destructive Testing Equipment Market Segmentation Analysis:
By Technology
- Ultrasonic Testing
- Magnetic Particle Testing
- Radiography Testing
- Electromagnetic Testing
- Visual Testing
- Others
By End-Use Industry:
- Oil & Gas
- Power Generation
- Automotive
- Aerospace and Defense
- Manufacturing
- Others
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North America is Expected to Dominate the Global Non-Destructive Testing Equipment Market
North America is expected to capture the largest market share of the global non-destructive testing equipment market within the forecast period. Increasing investments in the oil and gas sector are anticipated to encourage the growth of the North American market within the forecast period. Europe is expected to gain the second-largest share of the global non-destructive testing equipment market due to industries standards and regulations regarding the safety and quality of products are increasing in this region. Increasing modernization of power generation, oil and gas sectors, and the automotive industry in the European region are further expected to accelerate the growth of the non-destructive equipment market throughout the forecast period.
On Special Requirement Non-Destructive Testing Equipment Market Report is also available for below region:
North America
- S., Canada
Europe
- Germany, France, U.K., Italy, Spain, Sweden, Netherlands, Turkey, Switzerland, Belgium, Rest of Europe
Asia-Pacific
- South_Korea, Japan, China, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest Of APAC
Latin America
- Mexico, Colombia, Brazil, Argentina, Peru, Rest of Latin America
Middle East and Africa
- Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA
Key Questions This Study Will Answer:
- What is the scope of growth in the Non-Destructive Testing Equipment market?
- What is the core strategy for growth in the Non-Destructive Testing Equipment market?
- What is the promise of growth in the long run?
- What is the promise of growth during the forecast period?
- How big is the Non-Destructive Testing Equipment market?
- What are the main opportunities for growth in the Non-Destructive Testing Equipment market?
- What is the scope of growth in a particular country/ region of my interest?
- What are the risks involved in investing in the Non-Destructive Testing Equipment market?
- Who are the key players in the Non-Destructive Testing Equipment market?
- What are the core strategies of key players in the Non-Destructive Testing Equipment market?
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